FX.co ★ Indicator analysis: Daily review of EUR/USD on January 12, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move upward from the level of 1.0756 (closing of yesterday's daily candle) to 1.0814, the upper limit of the Bollinger line indicator (black dotted line). From this level, a downward pullback is possible to 1.0699, the 8-period EMA (thin blue line).

Fig. 1 (daily chart).

Comprehensive analysis:

• Indicator analysis - up;
• Fibonacci levels - up;
• Volumes - up;
• Candlestick analysis - up;
• Trend analysis - up;
• Bollinger bands - up;
• Weekly chart - up.

General conclusion:

Today, the price may move upward from the level of 1.0756 (closing of yesterday's daily candle) to 1.0814, the upper limit of the Bollinger line indicator (black dotted line). From this level, a downward pullback is possible to 1.0699, the 8-period EMA (thin blue line).

Alternatively, the price may move upward from the level of 1.0756 (closing of yesterday's daily candle) to the upper fractal at 1.0773 (yellow dotted line). From this level, a downward movement is possible to test the 1.0658 support level (thick red line).